Expo Holdings Inc. (EXPH)

[Santa Barbara Broker]

the clues imo are in the sequence of updates and the pr's out over the summer up to the morning after the SM

Are these the same series of clues that lead to the conclusion that Harrs and Brown had paid down around $152K of their $399K advance when the "clued" PR in question clearly stated Expo's "goal" was to pay down $247K of debt TO (not FROM) five (not two) private lenders as well as several conventional lenders by April 2011? Then there is this:

what i want to see is if fy 2010 is audited .. and if fy 2009 is audited retroactively

If the financials are indeed audited the accountants will have to know where all the money CAME from and where it WENT. In order to present their report so that it makes any coherent sense at all, they will have to DISCLOSE a LOT of those facts as notes. Something of which there is a ZERO percent chance JD Brown will allow to happen.

again it's quite clear to me that volume proves beyond a shadow of a doubt that *regardless of discrepancies* .. EXPH sharesare held *tightly*

Absolutely...without a shadow of a doubt. And why? So they can take that bare majority of shares they are holding "tight" and dilute the outsider's interests to absolutely NOTHING at will. Pretty neat reason, eh? BTW, Kendrick will be looking to rid himself of the stench of any Expo shares he is holding ASAP just before the next round of dilution (in which a PIPE funder will receive them at a huge discount and time them to trash the PPS prior to Kendrick buying back enough to regain control at 5-10% of what it would have cost him - just a guess). Be prepared if that is the scenario that plays out. If not, it will almost certainly be the R/S on the O/S only once they do a little more dilution and load up the treasury with a nice stack of shares that will retain their numbers but assume the new vastly increased valuation post split. All the above IMHO.

SBB